Eye On Boise

State tax revenues slightly below mark for July

Idaho state tax revenues in July came in slightly below the state’s newly revised forecasts, but 3.8 percent above July of the previous year. Revenues were 1.4 percent below the revised forecast of $244.3 million for the month. The forecast for fiscal year 2015, which began July 1, was revised downward $17 million by the state Division of Financial Management from the January forecast because of changing economic conditions suggesting lower anticipated sales tax growth in the coming year, now forecast at 5.9 percent, down from the previous 7.7 percent. You can see the state Division of Financial Management’s full monthly General Fund Revenue Report here.

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Betsy Z. Russell
Betsy Russell covers Idaho news from the state capitol in Boise and writes the Eye on Boise blog.

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